Binance Halts EU Crypto Services After Missing MiCA License Deadline

Binance will stop serving clients in the European Union starting next week after failing to obtain the required MiCA (Markets in Crypto-Assets) licence, the Financial Times reports. Multiple outlets say the move comes ahead of the July 1 deadline under EU rules, which require approved MiCA licences for crypto companies operating in the bloc or face penalties ^{[1] [2]}.

Reporting indicates Binance notified EU users to follow withdrawal instructions in countries including Poland, Italy, Spain and France, while stating that user assets remain safe and that it is not asking customers to withdraw before July 1. The exchange is also described as pursuing an alternative licensing route through France after its application for a bloc-wide licence in Greece was rejected ^{[3] [4]}.

The suspension is expected to reshape Binance’s retail offering in the EU as the MiCA regime takes effect, with the company pointing to continued efforts to secure a new licence pathway within the bloc ^{[1] [3]}.